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Where US private capital is actually raised
New York files less than a third of California’s volume and raises nearly as much — its average offering is three times larger. 138,532 Reg D offerings, mapped by the issuer’s home state.
Open the deal map- Offerings filed
- 138,532
- Capital sought
- $1.14T
- Most active
- California
- Largest average
- New York
How these lists are built
The number
Regulatory assets under management as disclosed on Form ADV, filed with the SEC. Each filing is public and checkable.
Where a firm sits
Firms are placed by the strategy they are principally known for. A manager filing several entities appears once per list, at its largest.
What is excluded
Banks, brokerages, index managers and wealth advisers. Their “assets” are a different measure — deposits, custody, mutual-fund holdings.
What this is not
Regulatory assets are reported at the adviser and are not the same thing as fund size or performance. Nothing here ranks firms by how well they invest.
Links
Every website is checked as the firm’s own site before publication. Where we cannot confirm one, we print no link.
Corrections
Firms may claim and correct their own entry. 1,031 managers currently meet the standard across the seven lists.
The lists
Private Equity — Buyout
Firms whose principal business is acquiring control of established companies.
225 firms · top 10 listedPrivate Credit
Direct lenders, mezzanine, distressed and specialty finance managers.
180 firms · top 10 listedVenture Capital
Firms backing private companies from seed through late venture stage.
53 firms · top 10 listedGrowth Equity
Minority and structured investments in companies already scaling.
48 firms · top 10 listedHedge Funds
Managers running liquid strategies in public markets.
271 firms · top 10 listedReal Assets & Infrastructure
Real estate, infrastructure, energy and other hard-asset managers.
176 firms · top 10 listedSecondaries & Fund-of-Funds
Fund-of-funds, secondaries buyers and GP stakes investors.
78 firms · top 10 listed